Question

The Lock Shoppe had sales of Tk.14,850 and charged a sales tax of 4.5%. What is the amount of the sales tax?

a) Tk.667.25
b) Tk.666.75
c) Tk.665.25
d) Tk.664.75

What is the total sales, including the tax?
a) Tk.15,517.25
b) Tk.15,517.75
c) Tk.15,516.25
d) Tk.15,516.75

Answer 1

The amount of the sales tax for The Lock Shoppe's sales of Tk.14,850 at a rate of 4.5% is Tk.667.25. The total sales, including the tax, is Tk.15,517.25.

Step-by-step explanation:

To calculate the amount of sales tax, we need to convert the percentage to a decimal. The Lock Shoppe had sales of Tk.14,850 with a sales tax of 4.5%, which we convert to 0.045 in decimal form. Multiplying the sales by the tax rate gives us the sales tax amount:

Tk.14,850 x 0.045 = Tk.667.25

Therefore, the amount of the sales tax is Tk.667.25 (option a).

Next, we calculate the total sales including the tax by adding the original sales amount to the calculated sales tax:

Tk.14,850 + Tk.667.25 = Tk.15,517.25

Thus, the total sales, including the tax, is Tk.15,517.25 (option a).